Download MetaTrader 5

Stop and Limit Orders with 1-Click Entry

To add comments, please log in or register
swatson454
17
swatson454  

Good morning all.

I've just begun using MT4 and I need help with the entries on a certain scalping method. I'm trading a 70 tick chart and the entries need to be fast so I'll be getting in using the 1-Click Entry box.

My problem/need is that I'd like to have my entry followed automatically by a 10 pip stop and a 10 pip limit, OCO. I don't plan on actually letting the market slip 10 pips, it's rather a safety measure in case the platform freezes, etc so if I bail on the trade using another 1-click order in the opposite direction, I'd like for the stop and limits to also cancel.

I'm having a hell of a time finding any information on how to get this done and I certainly don't know how to program it myself. Could someone be so kind as to point me in the right direction?

Thanks so much in advance!

Shawn

To add comments, please log in or register